Consumer Protection and China’s Sharing Economy

: The sharing economy is providing consumers with more affordable, more convenient access to shared goods and services. However, the business model of sharing economy has posed challenges for both consumers and regulators. The Chinese central government has drafted policies to promote the sharing economy while protecting the consumers rights. Due to the lack of an effective exchange of information, and ambiguity in regulatory requirements, it is not easy to achieve the goal of consumer protection in the sharing economy. China needs to take a more positive and specific role in guiding policies towards a sustainable sharing economy for the long-term.